legal

Common legal phrase. Lawful action, such as an agreement consciously agreed to by two or more entities, establishing lawful accountability. For example, an apartment lease legally binds the lessor and the lessee.

Terraform Labs and Co-Founder Do Kwon Convicted of Defrauding Investors
Terraform Labs and Co-Founder Do Kwon Convicted of Defrauding Investors
April 05, 2024  |  Cryptocurrency

A jury in a U.S. District Court has found Terraform Labs and its co-founder, Do Kwon, liable for defrauding investors in crypto asset securities. The court found earlier...

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Potential Shifts in AI Accountability: Legal Experts Weigh in on Future Liability Concern
Potential Shifts in AI Accountability: Legal Experts Weigh in on Future Liability Concern
April 05, 2024  |  Artificial Intelligence

Amidst a growing dialogue among legal scholars, there’s an emerging sense that companies might soon face increased legal scrutiny for the actions and statements of...

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Meta Disputes FTC Claims That Instagram, WhatsApp Acquisitions Harmed Consumers
Meta Disputes FTC Claims That Instagram, WhatsApp Acquisitions Harmed Consumers
April 05, 2024  |  Meta

Meta Platforms asked a judge Friday (April 5) to throw out an antitrust lawsuit filed against it by the Federal Trade Commission. In a court filing, the...

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Binance Executive Held in Nigeria Makes First Court Appearance
Binance Executive Held in Nigeria Makes First Court Appearance
April 04, 2024  |  Legal

Binance’s head of financial crime compliance, Tigran Gambaryan, appeared in court in Nigeria for the first time Thursday (April 4). Gambaryan, who is a U.S. citizen,...

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Luminance Raises $40 Million for Legal Industry AI Tools
Luminance Raises $40 Million for Legal Industry AI Tools
April 02, 2024  |  Investments

Legal document-focused artificial intelligence (AI) firm Luminance has raised $40 million. The Series B funding round, announced Tuesday (April 2), will help Luminance strengthen its foothold in the...

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Cannabis Businesses Find Themselves Cut Off From Banking System
Cannabis Businesses Find Themselves Cut Off From Banking System
April 02, 2024  |  Payment Methods

More than half of all Americans live in a state that has legalized marijuana. All the same, legitimate cannabis businesses still find themselves dealing with...

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FTC Can Now Sue Scammers Impersonating Government Agencies, Businesses
FTC Can Now Sue Scammers Impersonating Government Agencies, Businesses
April 01, 2024  |  Security & Fraud

The Federal Trade Commission (FTC) said Monday (April 1) that it now has stronger tools to combat scammers who impersonate government agencies and businesses. A new rule...

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Judge Sides With PayPal in CFPB Lawsuit Regarding Digital Wallets
Judge Sides With PayPal in CFPB Lawsuit Regarding Digital Wallets
April 01, 2024  |  Legal

PayPal won a legal victory against the U.S. consumer protection watchdog. According to court documents cited in a Friday (March 29) Law 360 report, U.S. District...

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SBF May Be 57 When He Finishes Serving Time
SBF May Be 57 When He Finishes Serving Time
March 28, 2024  |  Legal

When the facts are crystal clear, often the only recourse is to appeal to emotion. That’s the tack that convicted crypto criminal and former FTX CEO Sam Bankman-Fried’s...

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